MBL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MBL
Largest movements
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Receivables within one year +€15,589
up €15,589 (+216.6%), from €7,197 to €22,786
- Cash +€9,238
up €9,238 (+30.5%), from €30,253 to €39,491
mainly Current investments (+€25,000) and Net result for the year (+€7,019)
- Intangible fixed assets +€2,021
new in 2025: €2,021
- Tangible fixed assets +€1,644
up €1,644 (+79.3%), from €2,073 to €3,717
of which Other tangible fixed assets: +€1,313
- Reserves +€7,019
up €7,019 (+19.9%), from €35,267 to €42,286
- Other debts -€2,905
down €2,905 (-27.3%), from €10,653 to €7,748
- Tax, wage and social debts -€1,606
down €1,606 (-14.3%), from €11,216 to €9,610
of which Taxes: -€1,606
- Accrued charges and deferred income +€693
new in 2025: €693
- Gross operating margin -€9,767
down €9,767 (-44.9%), from €21,740 to €11,974
- Taxes -€1,885
down €1,885 (-38.9%), from €4,847 to €2,962
- Other operating charges +€742
up €742 (+429.2%), from €173 to €915
- Financial charges +€629
up €629 (+3051.1%), from €21 to €650
- Financial income +€343
up €343 (+190.9%), from €180 to €523
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,798 | €68,367 | +€3,569 | +5.5% |
| Fixed assets | 21/28 | €2,073 | €5,738 | +€3,665 | +176.7% |
| Intangible fixed assets | 21 | - | €2,021 | +€2,021 | |
| Tangible fixed assets | 22/27 | €2,073 | €3,717 | +€1,644 | +79.3% |
| Plant, machinery and equipment | 23 | €2,073 | €1,193 | -€881 | -42.5% |
| Furniture and vehicles | 24 | - | €1,211 | +€1,211 | |
| Other tangible fixed assets | 26 | - | €1,313 | +€1,313 | |
| Current assets | 29/58 | €62,724 | €62,629 | -€95 | -0.2% |
| Amounts receivable within one year | 40/41 | €7,197 | €22,786 | +€15,589 | +216.6% |
| Trade receivables | 40 | €7,197 | €22,786 | +€15,589 | +216.6% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €30,253 | €39,491 | +€9,238 | +30.5% |
| Deferred charges and accrued income | 490/1 | €274 | €352 | +€78 | +28.6% |
| Total equity and liabilities | 10/49 | €64,798 | €68,367 | +€3,569 | +5.5% |
| Equity | 10/15 | €40,267 | €47,286 | +€7,019 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,267 | €42,286 | +€7,019 | +19.9% |
| Distributable reserves | 133 | €35,267 | €42,286 | +€7,019 | +19.9% |
| Amounts payable | 17/49 | €24,530 | €21,081 | -€3,449 | -14.1% |
| Amounts payable within one year | 42/48 | €24,530 | €20,388 | -€4,142 | -16.9% |
| Trade debts | 44 | €2,662 | €3,030 | +€368 | +13.8% |
| Suppliers | 440/4 | €2,662 | €3,030 | +€368 | +13.8% |
| Taxes, remuneration and social security | 45 | €11,216 | €9,610 | -€1,606 | -14.3% |
| Taxes | 450/3 | €9,491 | €7,885 | -€1,606 | -16.9% |
| Remuneration and social security | 454/9 | €1,725 | €1,725 | = | 0.0% |
| Other amounts payable | 47/48 | €10,653 | €7,748 | -€2,905 | -27.3% |
| Accrued charges and deferred income | 492/3 | - | €693 | +€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €950 | +€318 | +50.2% |
| Other operating charges | 640/8 | €173 | €915 | +€742 | +429.2% |
| Gross operating margin | 9900 | €21,740 | €11,974 | -€9,767 | -44.9% |
| Operating profit (loss) | 9901 | €20,935 | €10,108 | -€10,827 | -51.7% |
| Financial income | 75/76B | €180 | €523 | +€343 | +190.9% |
| Recurring financial income | 75 | €180 | €523 | +€343 | +190.9% |
| Financial charges | 65/66B | €21 | €650 | +€629 | +3051.1% |
| Recurring financial charges | 65 | €21 | €650 | +€629 | +3051.1% |
| Profit (loss) for the period before taxes | 9903 | €21,094 | €9,981 | -€11,113 | -52.7% |
| Income taxes | 67/77 | €4,847 | €2,962 | -€1,885 | -38.9% |
| Profit (loss) for the period | 9904 | €16,246 | €7,019 | -€9,228 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,246 | €7,019 | -€9,228 | -56.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.